Search results
Results from the WOW.Com Content Network
The federal firearms license was established to and implement the Gun Control Act of 1968.The 1968 act was an update or revision of the Federal Firearms Act of 1938 (FFA), which required all manufacturers and dealers of firearms who ship or receive firearms or ammunition in interstate or foreign commerce to have a license, and forbade them from transferring any firearm or most ammunition to ...
ATF Form 4473, October 2016 revision. A Firearms Transaction Record, or ATF Form 4473, is a seven-page form prescribed by the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) required in the United States of America to be completed when a person proposes to purchase a firearm from a Federal Firearms License (FFL) holder, such as a gun dealer.
State statute allows for a $10 application fee; however, the total amount charged is $11 when a $1 service fee, which cannot be waived, is included. [ 9 ] Illinois law requires that, when a firearm is sold by a Federal Firearms License (FFL) holder, or in any private sale, the seller perform a dial-up inquiry to the State Police to verify that ...
The Firearms Transaction Record, also known as ATF Form 4473, is essentially an application to buy a gun from a licensed dealer. It’s used for a quick background check to make sure the buyer isn ...
However as an FFL holder, the seller is required to keep a record of the transaction. Access to NICS is limited to FFL holders. A prospective buyer is required to complete ATF Form 4473, after which an FFL seller initiates a NICS background check by phone or computer. Most checks are determined within minutes and if a determination is not ...
The transferor must file an ATF application, which must be completed by both parties to the transfer: [7] executed under penalties of perjury [8] both parties must reside in the same state as the individual; pay a $200 transfer tax to ATF [9] the application must include detailed information on the firearm and the parties to the transfer [8] [10]
The Federal Firearms Act of 1938 (FFA) imposed a federal license requirement on gun manufacturers, importers, and persons in the business of selling firearms.The term federal firearms licensee (FFL) is used to refer to those on whom the license requirement is imposed. [1]
Special Occupational Taxpayers are a group of Federal Firearm Licensees in the United States who manufacture, import and/or transfer NFA weapons. [1] The National Firearms Act Special Occupational Taxpayer class is part of the Internal Revenue Code of 1986.